
Build Ventures
Description
Build Ventures is a prominent venture capital firm strategically located in Halifax, Nova Scotia, with a dedicated focus on fostering the growth of early-stage technology companies across Atlantic Canada. Established to address the capital needs within this specific region, the firm plays a crucial role in developing the local innovation ecosystem by providing essential funding and strategic guidance to promising startups. Their commitment extends beyond mere capital injection, aiming to build a robust portfolio of high-growth companies that can significantly contribute to the economic prosperity of the Atlantic provinces.
The firm manages two distinct funds, underscoring its long-term commitment to the region. Build Ventures Fund I, launched in 2013, commanded a capital pool of CAD 35 million, which was instrumental in kickstarting their investment activities. Following its success, Build Ventures launched Fund II in 2019, securing an additional CAD 40 million. This combined capital base allows them to support a diverse range of technology sectors, including B2B software, SaaS, fintech, and deep tech, targeting companies that demonstrate strong potential for scalability and market disruption.
Build Ventures typically targets initial investments ranging from CAD 1 million to CAD 5 million, positioning them as a key partner for Series A and later-stage rounds for promising ventures. They are known for their hands-on approach, offering portfolio companies not just financial backing but also strategic advice, access to networks, and operational support to navigate the challenges of rapid growth. Their investment philosophy emphasizes long-term partnerships, often participating in follow-on rounds to support their portfolio companies through subsequent growth milestones, thereby maximizing their potential for success and regional impact.
Investor Profile
Build Ventures has backed more than 21 startups, with 4 new investments in the last 12 months alone. The firm has led 8 rounds, about 38% of its total and boasts 4 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in Canada, United States.
- Strong thematic focus on Software, Machine Learning, SaaS.
- Led 2 rounds in the past year.
- Typical check size: $730K – $3.6M.
Stage Focus
- Seed (48%)
- Series A (29%)
- Series B (14%)
- Series C (5%)
- Series Unknown (5%)
Country Focus
- Canada (81%)
- United States (19%)
Industry Focus
- Software
- Machine Learning
- Saas
- Apps
- Information Technology
- Artificial Intelligence (Ai)
- Cyber Security
- Aerospace
- Agriculture
- Analytics
Frequently Asked Questions
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